Stories tagged “Currencies.”
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South Korean won leads Asian FX losses as dollar edges higher; yen weakens
South Korea's won led Asian FX losses as the dollar edged higher and the yen weakened past 158. Brent near $84 and Strait of Hormuz uncertainty added pressure.
Sterling today: Pound dips as payroll risk buoys dollar broadly
Sterling traded lower and the euro remained largely unchanged as traders awaited a crucial U.S. non-farm payrolls report, which overshadowed domestic developments.
The Japanese yen has reached a three-month high against the US dollar following a rare joint currency intervention by the US and Japanese governments.
Trump says US backed Japanese Yen in rare currency intervention
President Donald Trump confirmed the US intervened to support the Japanese yen, calling it a 'signal of friendship' that would benefit the US and global economy.
Why did the Japanese yen collapse in 2026?
The Japanese yen's significant decline to near 40-year lows is primarily attributed to the Bank of Japan's inflationary monetary policy, rather than concerns about the nation's public finances, according to BCA Research.
US treasury secretary Scott Bessent's notepad shows a proposal to buy $5bn-$10bn of Japanese yen, sparking questions over US plans.
Sterling today: Pound eases as Middle East risk underpins dollar before ECB
The British pound and euro eased against the dollar on Thursday, as escalating geopolitical tensions in the Middle East bolstered the dollar's safe-haven appeal ahead of the European Central Bank's rate decision.
The KraneShares Mount Lucas Managed Futures Index Strategy ETF finished the quarter down 2.0%. Commodity exposures went from net long 51% to net long 16%, Currency exposures went from bearish (short) 12% to net short 59%, and Global Fixed Income exposures went from net sh…
BofA turns neutral on GBP after rally toward target
Bank of America has shifted its near-term stance on the British pound to neutral, following a sharp rally that brought the currency close to the firm’s year-end forecast.
Citi sees Indonesia rupiah as cheap after recent dollar strength
Citi believes the Indonesian rupiah is undervalued following its recent depreciation against the U.S. dollar and a decline in its nominal effective exchange rate. The bank is now tactically bullish on the rupiah after closing a previous short position on EUR/IDR.
UBS maintains constructive view on sterling despite fiscal risks
UBS holds a constructive outlook on the British pound, targeting EUR/GBP at 0.8500 for both Q3 and year-end, despite acknowledging risks from the gilt market and broader UK fiscal conditions.
BofA says yen bearishness hits four-year extreme as policy fears mount
Investor sentiment toward the Japanese yen has deteriorated to its most bearish level in four years, as concerns over Japan's monetary and fiscal outlook continue to outweigh the risk of official currency intervention, according to Bank of America Global Research's latest…
Japanese yen surges on pension investment plan, dollar loses ground
The Japanese yen led gains across Asian currencies on Friday following news that Tokyo plans to encourage pension funds to invest more in domestic assets, while the dollar fell with focus on the U.S.-Iran war.
Dollar steady as Iran tensions spur rate jitters; yuan flat after muted inflation
The dollar steadied on Thursday as renewed U.S.-Iran military action put markets on edge over sticky inflation and higher interest rates, while the Chinese yuan tread water after subdued June inflation data.
Natixis says dollar rally has peaked, recommends selling greenback
Natixis CIB currency strategists believe the US dollar's recent rally has peaked. The bank recommends selling the US dollar against three major currencies.
Yen falls to weakest level versus dollar since December 1986
The Japanese yen has fallen to its lowest level against the US dollar since December 1986. The yen declined as much as 0.1% to reach 161.96 per dollar.
Sterling Today: Pound Gains as Dollar Weakness Persists
The pound gained against the dollar due to dollar weakness, while the euro also rose. Markets remained cautious amid US-Iran developments.
UBS turns more bullish on U.S. dollar, sees euro and yen weakening further
UBS has raised its forecasts for the US dollar against several major currencies. The bank expects the euro to weaken further and the Japanese yen to slide.
Barclays sees Brazil real gains near-term before election pressure
Barclays expects the Brazilian real to strengthen in the near term due to favorable external accounts and high real interest rates. However, the currency is expected to underperform as the country approaches its October presidential election.
Asia FX weakens as dollar hits 13-mth high; yen, yuan remain under pressure
Most Asian currencies weakened as the U.S. dollar reached a 13-month high, driven by expectations of further Federal Reserve tightening and safe-haven demand amid a global tech stock selloff.
Barclays Sees New Zealand Dollar Gains Ahead on Rate Hikes
Barclays expects the New Zealand dollar to strengthen due to interest rate hikes. The Reserve Bank of New Zealand plans 75 basis points of increases by 2026's end.
Citi sets EUR/JPY fair value amid intervention impact
Citi estimates the EUR/JPY exchange rate at approximately ¥184 per euro for the 2017-2025 period. The currency pair shows no notable price distortion at present, though Japanese government yen-buying interventions may have left it somewhat undervalued.
FX Options Set to Expire Today for Major Currency Pairs
Several foreign exchange options are set to expire today, including options for EUR/USD, USD/JPY, and GBP/USD. The expirations could impact currency markets.
Sterling today: Pound steadies near two-month low as political risks mount
The pound has steadied near a two-month low as political risks mount, despite a stronger-than-expected UK retail sales report. Sterling erased earlier losses to trade just above $1.32 on Friday.
Asia FX weakens as dollar holds 13-mth peak on Fed outlook; yen near 40-yr low
The US dollar held near a 13-month high, pressuring Asian currencies, as investors monitored developments surrounding a US-Iran peace agreement and assessed a hawkish shift in the Federal Reserve's policy outlook. The Japanese yen remained under pressure, near 40-year lows.
Canadian Dollar Falls to 14-Month Low on Fed Rate Outlook
The Canadian dollar fell to its lowest level in 14 months against the US dollar after the Federal Reserve signaled a more aggressive approach to interest rates. The loonie traded 0.3% lower at 1.4135 per US dollar.
Sterling today: Pound hits lowest since April as BoE hold, hawkish Fed lift dollar
The pound has fallen to its lowest level since April, below $1.33, as the Bank of England maintains a cautious policy stance and the Federal Reserve's hawkish adjustment supports the dollar. The dollar remains strong despite lower oil prices following the US-Iran peace ag…
Asia FX Steadies After Sliding on Fed Hawkish Shift; Iran Peace Deal in Focus
Asia FX steadies after sharp losses, US dollar clings to two-month high after Fed signals potential rate hike. Iran peace deal eases energy supply concerns.
Canadian dollar falls to seven-month low on Fed hawkish shift
The Canadian dollar weakened to a seven-month low against the US dollar after the Federal Reserve signaled a more hawkish stance. The loonie traded 0.6% lower at 1.4075 per US dollar.
Large FX options set to expire Wednesday across major currency pairs
Several major currency pairs have significant options expiring Wednesday. The dollar-yen pair has $1.09 billion in options expiring at the 158.00 strike price.